US economist Edmund S. Phelps wins Nobel Economics Prize

STOCKHOLM, Oct 9, 2006 (AFP) - US economist Edmund S.

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Phelps won the 2006 Nobel Economics Prize on Monday for work on trade-offs in macroeconomic policy, the Nobel jury said, noting that his work had improved understanding of how policy affected welfare for present and future generations.

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List of Nobel Economics Prize laureates

2006: Edmund S. Phelps (US)
2005: Thomas C. Schelling (US), Robert J. Aumann (US-Israel)
2004: Finn Kydland (Norway), Edward Prescott (US)
2003: Robert F. Engle (US), Clive W.J. Granger (Britain)
2002: Daniel Kahneman (Israel-US) and Vernon L. Smith (US)
2001: George Akerlof (US), A. Michael Spence (US), Joseph Stiglitz (US)
2000: James Heckman (US), Daniel McFadden (US)
1999: Robert Mundell (Canada)
1998: Amartya Sen (India)
1997: Robert Merton (US), Myron Scholes (US)
1996: James Mirrlees (Britain), William Vickrey (US)
1995: Robert